- Current report filing (8-K)
March 12 2012 - 4:29PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
March 6, 2012
Date of Report (Date of Earliest Event Reported)
HARRIS INTERACTIVE INC.
(Exact Name of Registrant as Specified in Charter)
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Delaware
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000-27577
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16-1538028
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification Number)
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161 Sixth Avenue, New
York, New York
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10013
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrants Telephone Number Including Area Code: (212) 539-9600
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Section 1 Registrants Business and Operations
Item 1.01. Entry into a Material Definitive Agreement.
In connection with the Board of Directors (the Board) of Harris Interactive Inc. (the Company) authorizing a share repurchase program as described in Item 8.01 below (the
Repurchase Program), on March 9, 2012, the Company entered into a letter agreement (the Letter Agreement) with JPMorgan Chase Bank, National Association (JPMC). The Letter Agreement modifies the restrictions
in Section 6.6 of the Amended and Restated Credit Agreement, dated as of June 30, 2010 (as amended, restated, supplemented, modified or otherwise in effect from time to time, the Credit Agreement), by and among the Company, the
lenders party thereto and JPMC, as Administrative Agent and Issuing Bank, to permit the Company to repurchase an aggregate of up to $1 million of its common stock, $.001 par value, under the Repurchase Program.
The foregoing description of the Letter Agreement does not purport to be complete and is qualified in its entirety by the copy thereof being filed as
Exhibit 10.1 hereto and which is incorporated by reference herein.
Section 8 Other Events
Item 8.01. Other Events.
On
March 8, 2012, the Company issued a press release announcing the Boards approval of the Repurchase Program on March 6, 2012. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is
incorporated by reference herein. Repurchases under the Repurchase Program will be made at managements discretion in the open market or through privately negotiated transactions from time to time in compliance with applicable laws, rules, and
regulations, subject to cash requirements for other purposes, and other relevant factors, such as trading price, trading volume, general market and business conditions, Company performance, and the Companys compliance with the covenants under
the Credit Agreement. The share repurchase authorization does not obligate the Company to acquire any specific number of shares in any period, and may be modified, suspended, or discontinued at any time at the discretion of the Board. Share
repurchases will be funded using cash generated from operations, and repurchased shares will be retired and returned to unissued status.
Section 9 Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits.
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Exhibit 10.1
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Letter Agreement, dated March 9, 2012, by and between Harris Interactive Inc. and JPMorgan Chase Bank, National Association
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Exhibit 99.1
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Press Release issued by Harris Interactive Inc. on March 8, 2012 announcing the authorization of a share repurchase program.
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Exhibit 99.1 is not filed pursuant to the Securities Exchange Act of 1934 and is not incorporated by
reference into any registrations under the Securities Act of 1933.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
HARRIS INTERACTIVE INC.
(Registrant)
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By:
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/s/ Eric W. Narowski
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Name:
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Eric W. Narowski
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Title:
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Interim Chief Financial Officer
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(Principal Financial Officer)
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Dated: March 12, 2012
EXHIBIT INDEX
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EXHIBIT NO.
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DESCRIPTION
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Exhibit 10.1
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Letter Agreement, dated March 9, 2012, by and between Harris Interactive Inc. and JPMorgan Chase Bank, National Association
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Exhibit 99.1
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Press Release issued by Harris Interactive Inc. on March 8, 2012 announcing the authorization of a share repurchase program.
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